Oasis Groundbreaking! Developer Touts 2025 Opening, Big Tax Benefits For Lake Of The Ozarks

OSAGE BEACH, Mo. — Local businesspeople, elected officials, and project team members gathered at the site of the future Oasis at Lakeport family resort and entertainment district on Thursday, May 23, for an official groundbreaking ceremony.

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Work on the project has been underway for some time, but the official groundbreaking event came with plenty of fanfare, along with speeches by investor and Big Thunder Marine owner Fred Ross, Missouri Senator Mike Bernskoetter, Osage Beach Mayor Michael Harmison, Bob Brinkmann of Brinkmann Constructors, and Jeff Tegethoff of Tegethoff Development.

St. Louis-based SkyView Partners and Tegethoff Development hosted the official ceremony. The project's first phase, which includes the construction of amusement rides and attractions, restaurants and marina, is slated to open in Summer 2025.

In his speech to the crowd, Jeff Tegethoff, founding principal of Tegethoff Development, ran down a list of projected numbers to contrast what the site would have brought in economic benefit to the community had it not been developed, versus what the developers expect it will bring over the next quarter-century.

Oasis at Lakeport - By The Numbers

• $420,000,000 in total development costs

• $100,000,000+ in public infrastructure

• 1,000+ construction jobs supported

• $150,000,000+ spent on skilled labor

• $100,000,000 in new annual revenue expected

• 350+ full-time jobs producing more than $20,000,000 in local payroll

• 600,000+ visitors estimated annually

“Without this development, there would only be $1 million in total taxes over the next 23 years,” Tegethoff said. “With this development there will be $25 million in real estate taxes received by the taxing districts over the next 23 years.”

Tegethoff also contrasted the sales tax generation on the site. Without any development, the site would generate no sales tax revenue (as has been the case). But he says with this development, the Oasis center is expected to bring in $45 million in sales tax revenue over the next 23 years.

In a similar vein, he pointed to the lodging taxes that are estimated to be received in the next 23 years: $27 million.

The project will bring an estimated $20 million in personal property tax, he said.

Tegethoff broke down the projected revenues for various local entities based on the project, over the next 23 years:

Camden County - $40,000 vs $20,000,000

Osage Beach Fire Protection District - $200,000 vs $26,000,000

Camdenton R-III School District - $700,000 vs $23,000,000

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"Brinkmann is thrilled to be a part of the Oasis at Lakeport team and dedicated to continuing to build Missouri,” said Bob Brinkmann, founder and chair of the board of Brinkmann Constructors, the general contractor on the project. “We were built on relationships and continuing our strong partnerships on this project will ensure success and contribution to the growth of Missouri.“

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“With construction underway, we are targeting a Summer 2025 grand opening for Oasis with restaurants and numerous amusement offerings, including roller coasters, a 200-foot-tall observation wheel and thrill and family rides,” said Todd Schneider, co-managing partner of SkyView Partners. “Oasis at Lakeport will offer family friendly offerings to the Osage Beach community and numerous tourists who are looking for memorable activities and experiences to share with family and friends.”

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Oasis at Lakeport is a new $400 million family resort and entertainment district in Osage Beach, Mo., being developed along the Lakeport property at Highway 54 and Jeffries Road adjacent to the Grand Glaize Bridge. Construction plans include the creation of a year-round entertainment destination offering 25 acres of amusement rides and attractions, a 402-room Marriott Resort and Conference Center property with 30,000-square-foot conference center, indoor waterpark, restaurants, 200 public boat slips and a 1,000-space parking garage.

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The second phase of Oasis at Lakeport will include the construction of the Marriott Hotels Resort and Conference Center and indoor waterpark, planned for Fall 2026.

“I am committed to the success of the Osage Beach and the entire Lake of the Ozarks community and will continue to work with local and state partners and municipalities to help make a lasting impact on mid-Missouri’s economy,” Tegethoff said. “The Oasis at Lakeport project will provide many economic benefits, including offering numerous jobs and bringing visitors to the area.”